i always dial for wind. I find that if the wind is gusting I will determine what the most constant wind is and dial for it and then wait on the shot for the those wind conditions. After all adjusting for wind at long range is only your best possible guess anyway, with all the different winds and effects that take place along the bullet path. Just my 2 cents though.
What ever works best for each individual. Dialing for an average wind in gusty conditions is how I started. The more I shot the more it became apparent that I did much better holding off using my gut feeling as to where the bullet would hit
range it,check the wind, dial in correction, aim and only one shot
I always hold off as accurately as i possibly can depending on the subtension of the reticle i'm using. That's why i like the tree reticle designs. U can calculate a very precise system of reference if using something like the Rapid-Z's, Rapid Reticle or some of Holland's reticles. Now whether i've read (guessed) the wind right or not is a different story.
I hold off for wind- Use the turrets for elevation ( since distance is known thanks to the rangefinder), but hold off for wind becasue I can make a correction faster if I guessed wrong.Using a mil. based scope, FFP.